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Gen Digital (GEN) - 2025 Q4 - Earnings Call Transcript
2025-05-06 21:00
Gen Digital (GEN) Q4 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Jason Starr - VP - IRVincent Pilette - CEO, President & DirectorNatalie Derse - Chief Financial OfficerSaket Kalia - Managing DirectorRoger Boyd - Executive Director Conference Call Participants Andrew Nowinski - AnalystTomer Zilberman - AnalystDan Bergstrom - Analyst Operator Good afternoon, everyone. Thank you for standing by. My name is Tamiya, and I will be your conference operator today. Today's call is being recorded ...
Check Point Software Technologies Receives Common Criteria EAL4+ Certification for Quantum Firewall Software R82
Globenewswire· 2025-05-01 15:46
Core Insights - Check Point Software Technologies has announced that its Quantum Firewall Software R82 has received Common Criteria EAL4+ certification, enhancing its reputation as a trusted security solution for critical infrastructure and government sectors globally [1][2][3] - The certification confirms that the R82 platform meets rigorous global standards for security, providing verifiable protection in highly regulated environments [2][3] - The evaluation was conducted by TÜV Informationstechnik GmbH, an accredited testing facility, and the certification is recognized in over 30 countries under international agreements [2][3] Company Overview - Check Point Software Technologies is a leader in cyber security solutions, protecting over 100,000 organizations worldwide with AI-powered technologies [4] - The company employs a hybrid mesh network architecture with SASE at its core, offering a unified management approach for on-premises, cloud, and workspace environments [4]
HUB Security Reports Second Half 2024 Financial Results and the Filing of its Annual Report on Form 20-F for the Year Ended December 31, 2024
Globenewswire· 2025-05-01 11:49
Core Insights - HUB Cyber Security Ltd. has reported significant year-over-year margin expansion and streamlined operations, positioning the company for scalable growth in 2025 [1][2] - The company has shifted its focus towards core strengths in secure data infrastructure for regulated industries, leading to improved financial performance [4][6] Financial Performance - Revenues for H2 2024 were $13.8 million, down from $17.6 million in H2 2023, reflecting a strategic pivot to optimize business mix [6] - Gross margin improved to 25.6% in H2 2024, up from 15.4% in H2 2023, indicating a positive impact from the strategic realignment [6] - Operating expenses decreased by 29% to $14.7 million in H2 2024 compared to $20.9 million in H2 2023, showcasing effective cost control [6] - Operating loss in H2 2024 was $11.1 million, a 38% improvement from the previous year, reflecting streamlined operations [6] Strategic Initiatives - The company has expanded into the banking sector, securing a €20 million digital banking modernization project with Cassa di Risparmio della Repubblica di San Marino S.p.A. [4] - HUB's Secured Data Fabric platform is being adopted by leading financial institutions, enhancing its role as a trusted partner in data modernization [5][11] - The company has resolved approximately $17 million in legacy liabilities and secured new financing on favorable terms, enhancing financial flexibility [6] Market Positioning - HUB's Secured Data Fabric technology consolidates data securely, enabling clients to navigate compliance challenges and protect sensitive information [9][10] - The company is witnessing growing interest across various sectors, including healthcare and transportation, indicating the versatility of its solutions [11][12] Leadership and Future Outlook - Recent leadership appointments aim to support HUB's expansion into new markets, with plans to further scale the leadership team [14] - The company is focused on building long-term trust and shareholder equity while delivering innovative solutions [8]
Check Point Research Launches AI Security Report: Exposing the Rise of AI-Powered Cybercrime and Defenses
Globenewswire· 2025-04-30 10:00
Core Insights - The article discusses the launch of Check Point Software Technologies' inaugural AI Security Report, highlighting how cyber criminals are leveraging artificial intelligence to enhance their attacks and the need for organizations to adapt their defenses accordingly [1][4]. AI-Driven Cyber Threats - Cyber criminals are using generative AI and large language models to create realistic impersonations, undermining trust in digital identities [2][3]. - The report identifies four key areas where AI is eroding trust: AI-enhanced impersonation, data poisoning, AI-created malware, and the hijacking of AI models [3][5]. Defensive Strategies - Organizations are advised to adopt AI-aware cybersecurity frameworks to counteract AI-driven threats [4]. - The report emphasizes the importance of integrating AI into cybersecurity defenses to keep pace with attackers [4]. Specific Threats Identified - AI-Enhanced Impersonation: Attackers are generating realistic phishing emails and audio impersonations, exemplified by a recent incident involving Italy's defense minister [5]. - LLM Data Poisoning: Malicious actors are manipulating AI training data, with evidence showing that AI chatbots can repeat false narratives 33% of the time [5]. - AI-Created Malware: Cyber criminals are using AI to optimize malware and automate attacks, enhancing the resale value of stolen data [5]. - Weaponization of AI Models: Attackers are commercializing AI tools for hacking and fraud on the dark web [5]. Recommendations for Organizations - Implement multi-layered identity verification methods to combat AI-powered impersonation [5]. - Utilize AI for threat detection and hunting to identify AI-generated threats [5]. - Equip security teams with tools to recognize and respond to AI-driven tactics [5].
Commvault Announces Next Evolution of Cleanroom Recovery that Further Reduces Risk of Restoring Compromised Infrastructure
Prnewswire· 2025-04-28 12:30
Commvault extends the power of its advanced Cleanroom Recovery technology to managed service providers focused on keeping enterprises resilient TINTON FALLS, N.J., April 28, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced highly differentiated capabilities with its Cleanroom Recovery offering that usher in a new era in end-to-end recovery following cyberattacks.Studies show that it takes enterprises 24 days, on averag ...
Commvault Awarded GovRAMP Authorization for Commvault Cloud
Prnewswire· 2025-04-28 12:30
Becomes only cyber resilience vendor meeting GovRAMP Authorization at a High Impact Level, FedRAMP High Authorization, and FIPS 140-3 validation for public sector customers "With Commvault, we've been able to fortify our cyber defenses and streamline our incident response processes. The continuous monitoring and advanced data security features have been instrumental in preventing disruptions to our operations, allowing us to focus on our core mission," Winder added. TINTON FALLS, N.J., April 28, 2025 /PRNew ...
WithSecure Interim Report 1 January – 31 March 2025: Elements ARR growth continued, 70% ARR growth for Cloud Protection for Salesforce
GlobeNewswire News Room· 2025-04-25 05:00
WithSecure Corporation, Interim Report 1 January – 31 March 2025, 25 April 2025 at 8.00 EEST WithSecure Interim Report 1 January – 31 March 2025: Elements ARR growth continued, 70% ARR growth for Cloud Protection for Salesforce Highlights of January – March 2025 (“first quarter”) Annual Recurring Revenue (ARR)1 for Elements Cloud products and services increased by 8% to EUR 86.6 million (EUR 80.5 million)Elements Cloud ARR increase from previous quarter was 4%Net Revenue Retention (NRR) for Elements Cloud w ...
Check Point Software Technologies and Illumio Accelerate Zero Trust Adoption with Proactive Threat Prevention and Unified Intelligence
Globenewswire· 2025-04-24 13:00
Integration accelerates breach identification and containment, effectively stops lateral movement of threats across the enterprise REDWOOD CITY, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a global leader in cyber security solutions, and Illumio, the breach containment company, today announced a strategic partnership to help organizations strengthen security and advance their Zero Trust posture. The integration between the Check Point Infinity Platform a ...
Skyhawk Expands AI-powered Purple Team to Secure Custom Cloud Applications
GlobeNewswire News Room· 2025-04-23 11:00
SAN FRANCISCO, April 23, 2025 (GLOBE NEWSWIRE) -- RSA CONFERENCE, Skyhawk Security, the originator of Cloud Detection and Response (CDR), announces a revolutionary leap in cloud security with the expansion of its AI-powered Autonomous Purple Team to include custom cloud applications. For the first time, organizations can preemptively and continuously secure custom cloud applications and their cloud infrastructure without agents. This innovation protects against today's biggest cloud security issue, one expl ...
Check Point Software Emerges as a Leader and Only Outperformer Among 14 Vendors in Enterprise Firewalls, According to Latest GigaOm Radar Report
Newsfilter· 2025-04-21 13:00
Learn more about this accolade on our blog and access a free copy of the GigaOm Radar for Enterprise Firewalls here. Follow Check Point via: X (Formerly known as Twitter): https://www.twitter.com/checkpointsw Facebook: https://www.facebook.com/checkpointsoftware REDWOOD CITY, Calif., April 21, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ:CHKP), a pioneer and global leader of cyber security solutions, today announced that it has ranked as a Leader and the only Outperformer for its ...